Accounting Supervisor Middle East

2 weeks ago


Riyadh, Saudi Arabia Lucid Motors Full time

**Leading the future in luxury electric and mobility**

At Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility.

We plan to lead in this new era of luxury electric by returning to the fundamentals of great design - where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience.

Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.

We are looking for an experienced Accounting Supervisor with strong operational experience. The role will partner with multiple stakeholders in KSA and USA to ensure accurate, complete and timely accounting activities. If you are detail-oriented, able to multitask, and like to take on new challenges, then we want to talk with you

**The Role**:

- Oversee the daily accounting activities and ensure that all tasks and projects including closing and reporting are completed accurately and timely
- Manage the periodic close and consolidation processes in SAP across the various functions and with the corporate and local finance teams in compliance with accounting standards (IFRS / US GAAP)
- Manage balance sheets and profit/loss statements, monitor accounting transactions
- Perform detailed analytical reviews of the assigned financial reporting areas, including reconciliations and issuance of financial statements
- Prepare and manage journal entries related to various general ledger accounts
- Reconcile balance sheet accounts at period-end to ensure balances are fully supported
- Assist in developing, implementing and performing processes and internal controls in accordance with SOX compliance
- Work closely with relevant departments to ensure compliance with accounting policies
- Evaluate processes/controls to improve efficiency and effectiveness on a continuous basis
- Ensure the readiness of conduct of audit accounting records at any time
- Prepare documents and schedules as required by statutory or internal audit and tax authorities
- Work with auditors and manage audit requests to drive timely and successful completion of annual audits
- Investigate and resolve material variances on balance sheet, P/L and cash flow statements and provide related explanations and decision guidance to management
- Consolidate and report G/L for the relevant entities
- Ensure payable and receivables are appropriately dispositioned and settled
- Support activities related to payroll, procurement and other functions
- Collaborate with Financial Planning & Analysis team on developing and implementing plans for budgeting, forecasting and reporting
- Provide process and system training and support to the respective finance and business teams
- Acknowledge about fixed assets schedule and tracing assets register report (addition, disposal and deprecation calculation)
- Support monthly bank reconciliations
- Create reports on the company’s financial situation
- Maintain accurate account files and records
- Reconcile accounts payable and receivable
- Support in computing taxes and preparing tax returns
- Report on the company’s financial health and liquidity
- Maintain accurate accounts receivable customer files and records
- Support the payroll and AR/AP team and manage local regulatory requirements
- Assist in converting US GAAP figures to IFRS and local GAAP standards
- Support with the implementation of new accounting related guidelines
- Ensure financial data confidentiality
- Special projects and other ad hoc assignments as assigned

**Qualifications**:

- Bachelor’s degree in accounting or finance, CPA, MBA and SOCPA preferred
- Minimum of 10 years of accounting/finance experience.
- Strong knowledge of IFRS and US GAAP as well as finance, accounting, budgeting, cost control procedures
- Excellent time management skills, communication, decision making, and organizational skills
- Ability to manage multiple projects and assignments with a high degree of autonomy and accountability for results
- Ability to work in a fast-paced environment, prioritize appropriately, handle multiple tasks simultaneously and develop strong partnerships, able to work with flexible work schedule to communicate with US HQ
- High proficiency with SAP and MS Office/Excel
- Managerial Accounting experience in the automotive industry and from Big 4 would be a great plus

At Lucid, we don’t just welcome diversity - we celebrate it Lucid Motors is proud to be an equal opportunity workplace. We are committed to equal employment opportunity rega



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